Swap MTM definition

Swap MTM means the amount which would be payable to the Issuer (expressed as a positive number) or by the Repo Counterparty, in its capacity as the Swap Counterparty under the Swap Agreement (expressed as a negative number), pursuant to the terms of the Swap Agreement if the Credit Default Swap Transaction and the Equity Swap Transaction relating to the relevant Class of Notes were being terminated as of such time, pursuant to the terms of the Swap Agreement. If:
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Swap MTM means the net amount, as determined by the Calculation Agent, that would be payable in respect of, together, the Index Swap and the CSA upon the designation of a Mandatory Redemption Event in respect of the Notes, expressed as a positive amount, if payable by the Issuer, and a negative amount, if payable by the Swap Counterparty.Cash Settlement, provided that if an Adverse Disposal Event has occurred, the Mandatory Redemption Settlement Method will be Physical Settlement. In either case, the Mandatory Redemption Amount shall be determined pursuant to paragraph 4(c) above.Pro Rata. 5 Options
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Swap MTM means the net amount, as determined by the Calculation Agent, that would be payable in respect of the Swap Agreement upon the designation of a Mandatory Redemption Event in respect of the Notes, expressed as a positive amount, if payable by the Issuer, and a negative amount, if payable by the Swap Counterparty;
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Examples of Swap MTM in a sentence

  • Effect of the Swap Exposure rising above the Maximum Swap ExposureDuring the life of the transaction, if the Swap Exposure for a Series of Notes rises above the Maximum Swap Exposure, then the Swap MTM is in favour of the Swap Counterparty by a greater amount than is permitted by Maximum Swap Exposure.


More Definitions of Swap MTM

Swap MTM means, in relation to any Notional Swap and any date, the Swap Break Amount that would be determined in accordance with the terms of the Swap Form if such Notional Swap were deemed to be terminated in full or part (as the context may require) on that date. If the Swap MTM is a negative number the Swap MTM shall be deemed to be zero for the purposes of the Transaction Documents;
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Swap MTM means, in respect of any day, the mark-to-market value of the Swap Agreement as determined by the Calculation Agent acting in a commercially reasonable manner, with any mark-to- market value in favour of the Issuer being expressed as a positive number and any mark-to-market value in favour of the Swap Counterparty being expressed as a negative number, provided that if the value so determined is not in the Specified Currency the Calculation Agent shall convert it into the Specified Currency at the prevailing spot rates on such day.
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Swap MTM means, each Note's pro rata proportion of the termination value of the Derivative Agreement from the perspective of the Issuer, as determined by the Calculation Agent. If the termination value is an amount payable to the Issuer it shall be a positivenumber and shall be added to the Specified Denomination of a Note and if the termination value is an amount payable to the Counterparty it shall be a negative number and the absolute value thereof shall be deducted from the Specified Denomination of a Note.
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Swap MTM means, in respect of any day, the mark-to-market value of the Swap Agreement as determined by the Calculation Agent acting in a commercially reasonable manner, with any mark-to- market value in favour of the Issuer being expressed as a positive number and any mark-to-market value in favour of the Swap Counterparty being expressed as a negative number, provided that if the value so determined is not in the Specified Currency the Calculation Agent shall convert it into the Specified Currency at the prevailing spot rates on such day.A “Swap Termination Event” shall occur if an Early Termination Date in respect of all outstanding Swap Transactions has been designated or deemed to have been designated by the Issuer or the Swap Counterparty, as applicable, under the Swap Agreement for any reason other than as a result of the occurrence of an Early Redemption Trigger Date in respect of the Notes other than pursuant to Master Condition 8(i).
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Swap MTM means the [sum of the] mark- to-market value of the Notional Credit
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Swap MTM means the mark to market value of the Swap Transaction, which shall be an amount equal to the present value of the amount payable by the Counterparty to the Issuer under the Swap Transaction determined in accordance with the Credit Support Annex.
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Related to Swap MTM

  • Mid-Swap Rate means, in relation to a Reset Determination Date and subject to Condition 4(b)(ii), either:

  • Fixed Swap Payment With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

  • Interest Swap and Hedging Obligation means any obligation of any Person pursuant to any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate exchange agreement, currency exchange agreement or any other agreement or arrangement designed to protect against fluctuations in interest rates or currency values, including, without limitation, any arrangement whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a fixed or floating rate of interest on a stated notional amount in exchange for periodic payments made by such Person calculated by applying a fixed or floating rate of interest on the same notional amount.

  • Swap means any agreement, contract, or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.

  • Floating Swap Payment With respect to any Distribution Date on or prior to the Distribution Date in January 2010, an amount equal to the product of (x) Swap LIBOR, (y) the Swap Agreement Notional Balance for that Distribution Date and (z) a fraction, the numerator of which is equal to the number of days in the related calculation period as provided in the Swap Agreement and the denominator of which is 360.

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Interest Rate Hedging Agreement means any interest rate protection agreement or other interest rate hedging arrangement.

  • Commodity Hedging Agreement means any agreement for the making or taking of delivery of any commodity, any commodity swap agreement, floor, cap or collar agreement or commodity future or option or other similar agreement or arrangement, or any combination thereof, entered into by the applicable Person, primarily for the purpose of mitigating or eliminating exposure to fluctuations in commodity prices.

  • Swap Rate means a charge by the Company for the interest cost and associated costs (positive or negative) incurred in relation to the overnight rollover (s) of an open position;

  • Swap Receipt Amount Swap Termination Payment"

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Swap Provider The swap provider under the Swap Agreement either (a) entitled to receive payments from the Supplemental Interest Trust or (b) required to make payments to the Supplemental Interest Trust, in either case pursuant to the terms of the Swap Agreement, and any successor in interest or assign. Initially, the Swap Provider shall be Deutsche Bank AG New York Branch.

  • Net Swap Payment With respect to each Distribution Date, the net payment required to be made pursuant to the terms of the Swap Agreement by either the Swap Provider or the Swap Administrator, which net payment shall not take into account any Swap Termination Payment.

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Interest Rate Swap Agreement means the agreement(s) (including any further replacement agreements) entered into between the Guarantor LP and the Interest Rate Swap Provider(s) in the form of an ISDA Master Agreement, as the same may be amended, varied, supplemented, restated or extended from time to time, including a schedule and confirmations in relation to each Tranche or Series of Covered Bonds;

  • Interest Rate Hedge Agreement any interest rate swap agreement, interest rate cap, collar or other arrangement between the Borrower and a Hedge Provider, consisting of a “Master Agreement” in a form published by the International Swaps and Derivatives Association, Inc., together with a “Schedule” thereto in substantially such form as the Program Agent shall have approved, each “Confirmation” thereunder confirming the terms of each transaction thereunder and any credit support annex and schedule thereto.

  • Forward Hedge Amount means, for any Forward, the amount specified as such in the Placement Notice for such Forward (as amended by the corresponding Acceptance, if applicable), which amount shall be the target Aggregate Sales Price of the Forward Hedge Securities to be sold by the Forward Seller in respect of such Forward, subject to the terms and conditions of this Agreement.

  • Hedging Disruption means that the Issuer is unable, after using commercially reasonable efforts, to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s).

  • Net Hedging Obligations means, as of any date, the Termination Value of any such Hedging Agreement on such date.

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • REMIC Swap Rate For each Distribution Date (and the related Accrual Period), a per annum rate equal to the product of: (i) the “Rate of Payment (%)” under the Swap Agreement for such Distribution Date, as set forth in Annex D to the Prospectus Supplement, (ii) 2, and (iii) the quotient of (a) the actual number of days in the related Accrual Period divided by (b) 30.

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any Swap Agreement permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction permitted hereunder with a Lender or an Affiliate of a Lender.

  • Rate Hedging Agreement means an agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants.

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Swap Notional Amount With respect to any Distribution Date is the amount set forth on Schedule II attached hereto with respect to such Distribution Date.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.